Compare Mortgage Rates in Canada
Find and compare the latest mortgage rates in Canada and compare offers from top lenders in one place. Whether you’re buying a home, renewing, or refinancing, this tool helps you find competitive fixed and variable mortgage rates based on your situation.
Search Filters
Your goal
Down Payment
Loan Term
Rate Type
Term Type
Preapproval
Provinces of residence
Institutions
Mortgage Comparison FAQs
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How are mortgage rates shown on this page determined?
The rates shown reflect published rates provided by lenders and mortgage brokers.
They are displayed as offered, based on the selected filters, and are not personalized or adjusted for individual financial profiles.
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What does the “per month” amount represent?
The monthly payment shown is an illustrative estimate based on:
- The displayed rate
- The selected term and amortization
- Standard calculation assumptions
It is intended for side-by-side comparison only, not as a guaranteed or final payment amount.
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What’s the difference between fixed and variable rates in this comparison?
Fixed rates remain the same for the full term shown
Variable rates can change over time based on market conditions
The comparison displays the current rate structure, not future rate behavior.
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What does “term” mean in the mortgage comparison?
The term refers to the length of time the mortgage rate and conditions apply, such as 3 years or 5 years.
This is different from amortization, which refers to the total repayment period.
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What does “open” vs “closed” term mean?
Closed mortgages typically offer lower rates but restrict prepayments or early payoff
Open mortgages allow more flexibility but usually come with higher rates
The comparison highlights term type to help you understand basic product differences.
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Why don’t all listings show the same details?
Mortgage products vary widely, and not all lenders publish the same level of detail.
When information such as prepayment terms or rate holds is not publicly available, it may appear as unavailable or “inquire.”
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Can I rely on these rates as guaranteed offers?
No. Rates shown are indicative, not guaranteed.
Final rates and terms are confirmed directly by the lender or broker after a full application and review.
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Why does province of residence affect which rates appear?
Some mortgage products are only available in certain provinces due to:
- Regional lending rules
- Institutional licensing
- Product availability
Selecting a province helps surface relevant options.
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